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Iraq on collision course with OPECLuanda, Angola (UPI) Dec 23, 2009 OPEC oil producers sought to downplay Iraq's ambitious plans to more than quadruple its oil output when they met in Angola this week. But the thorny issue is expected to upset the cartel's equilibrium in the not-too-distant future and pose a significant challenge to Saudi Arabia, the world's largest producer and no great friend of the Shiite-dominated government in Baghdad. Iraq has been exempt from the quota system operated by the Organization of Petroleum Exporting Countries since August 1990, when Saddam Hussein invaded neighboring Kuwait and triggered the 1991 Gulf War. ... read more |
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Baghdad (AFP) Dec 22, 2009A consortium led by China's top oil producer initialled a deal with Iraq on Tuesday to develop the southern Halfaya oil field, oil ministry spokesman Assem Jihad told AFP. "Yes, they signed the contract today," he said of the group made up of China National Petroleum Corp. (CNPC) and which also includes France's Total and Malaysia's Petronas. The three companies are aiming to increase ... more 
Valley Forge PA (SPX) Dec 23, 2009San Diego Gas and Electric (SDG and E) has selected Lockheed Martin to provide systems engineering support for their Borrego Springs Microgrid demonstration project. The microgrid "proof of concept" project is one of the first utility-scale systems in the nation and will help SDG and E increase grid reliability. Microgrids are portions of the electric grid able to operate independently of ... more 
Albuquerque NM (SPX) Dec 23, 2009Sandia National Laboratories will use $4.2 million in American Recovery and Reinvestment Act funds to modify and enhance its existing Battery Abuse Testing Laboratory (BATLab), with the goal of developing low-cost batteries for electric and plug-in hybrid electric vehicles. Sandia's BATLab is internationally recognized as a leader in the field of battery testing to ensure they meet real ... more |
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 Method Makes Refineries More Efficient   US says copyright piracy in China still "unacceptably high"   Instant online solar energy quotes Solar Energy Solutions from ABC Solar |
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Brussels (AFP) Dec 22, 2009European Union countries on Tuesday agreed to start negotiations with Russia on nuclear energy cooperation, the bloc's executive said. The move is part of a broader push to secure stable energy supplies long-term, after the EU struggled in recent winters to guarantee gas supplies from major energy exporter Russia. "This is an important step, which will give a new impetus to EU-Russia ... more  
Hong Kong (AFP) Dec 22, 2009A company run by Hong Kong's best-known entertainment mogul has paid a record 108 million US dollars for a shop in one of the busiest districts, a report said Tuesday. The sale of the 1,212 square foot outlet comes as the city's government tries to contain soaring property costs due to fears they are getting out of control. The price works out to about 90,000 dollars per square foot ... more  
New Delhi (AFP) Dec 23, 2009India's reliance on coal means the country is heading for an energy crisis unless it diversifies its sources of power, the chairman of the UN's top climate change panel predicted on Wednesday. Rajendra Pachauri, chairman of the Nobel-winning Intergovernmental Panel on Climate Change (IPCC), said India had to curb its high-polluting coal consumption in the near future or risk burning through ... more |
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 China 'regrets' WTO decision on film, music trade  EU extends penalty taxes on Chinese, Vietnamese shoes  HK, European nations to start trade talks: government |
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